Laurentian Bank of Canada (LB) Receives Consensus Recommendation of “Hold” from Analysts

Laurentian Bank of Canada (TSE:LB) has been assigned an average recommendation of “Hold” from the ten analysts that are covering the company, MarketBeat Ratings reports. Four investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. The average 12-month price objective among brokerages that have updated their coverage on the stock in the last year is C$60.11.

LB has been the subject of several research reports. CIBC lifted their price target on Laurentian Bank of Canada from C$61.00 to C$66.00 in a research note on Monday, November 13th. Canaccord Genuity lifted their price target on Laurentian Bank of Canada from C$63.00 to C$67.00 in a research note on Wednesday, November 1st. Royal Bank of Canada dropped their price objective on Laurentian Bank of Canada from C$60.00 to C$55.00 and set a “sector perform” rating for the company in a research report on Wednesday, December 6th. TD Securities upgraded Laurentian Bank of Canada from a “hold” rating to a “buy” rating and lifted their price objective for the stock from C$62.00 to C$63.00 in a research report on Wednesday, December 6th. Finally, Barclays lifted their price objective on Laurentian Bank of Canada from C$57.00 to C$62.00 in a research report on Wednesday, December 6th.

Laurentian Bank of Canada (LB) opened at C$56.53 on Tuesday. The stock has a market capitalization of $2,200.00, a price-to-earnings ratio of 10.49 and a beta of 0.48. Laurentian Bank of Canada has a one year low of C$51.57 and a one year high of C$62.90.

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, February 1st. Investors of record on Tuesday, January 2nd will be given a dividend of $0.63 per share. This represents a $2.52 dividend on an annualized basis and a yield of 4.46%. The ex-dividend date is Friday, December 29th. This is a boost from Laurentian Bank of Canada’s previous quarterly dividend of $0.62. Laurentian Bank of Canada’s dividend payout ratio (DPR) is currently 45.64%.

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About Laurentian Bank of Canada

Laurentian Bank of Canada is a Canada-based Chartered bank. The Bank and its subsidiaries provide banking services to individuals, and small and medium-sized enterprises, as well as to independent advisors across Canada. It also operates as a full-service brokerage firm. The Bank’s loan portfolio consists of personal loans, residential mortgage loans, commercial mortgage loans and commercial loans, including acceptances and finance lease receivables.

Analyst Recommendations for Laurentian Bank of Canada (TSE:LB)

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